Civic Intelligence

Overlake Preparatory Academy

990EZ • Fiscal year 2022 • EIN 87-4018657

Jan 01, 2022 to Dec 31, 2022 • Filed on May 14, 2024

Organization Profileoverlakeacademy.org
687 New Dover RdEdison, NJ 08820

(848) 909-6600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

92nd percentile

77%

Higher net margin than 92% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

$45,181

No earlier filing loaded for comparison.

Net Assets

$45,181

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin92nd percentile

Revenue

$59,016

No earlier filing loaded for comparison.

Expenses

$13,835

No earlier filing loaded for comparison.

Net Income

$45,181

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2022: $45,181Liabilities 2022: $0Net Assets 2022: $45,1812022Assets 2023: $79,157Liabilities 2023: $3,260Net Assets 2023: $75,8972023

Highlighted filing

2022

Assets$45,181
Liabilities$0
Net Assets$45,181
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0Revenue 2022: $59,016Expenses 2022: $13,835Net Income 2022: $45,1812022Revenue 2023: $59,530Expenses 2023: $25,554Net Income 2023: $33,9762023

Highlighted filing

2022

Revenue$59,016
Expenses$13,835
Net Income$45,181
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$59,016
Mission and Program Overview

Mission

The purpose of the school is to promote, advance and sponsor charitable and educational activities.

Program Services

DescriptionGrantsExpenses
The school conducts four main activities: classroom instruction with rigorous curriculum, school administration, fundraising and athletics. These activities have been practiced in the school since it began operations and will continue in the future.$0$13,835
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jun ZhouPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Overlake Preparatory Academy a Nj Nonprofit Corp
EIN
87-4018657
Phone
8489096600
Address
687 New Dover Rd, Edison, NJ 08820

Signing Officer

Name
Jun Zhou
Title
President
Phone
8489096600
Signed
2024-05-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Fundraising expenses;120|Business Registration;55|Website Expenses;615|Software Services;1925^Total;2715^”

Raw XML Appendix146 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/ApplicationPendingInd0X
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IRS990EZ/BooksInCareOfDetail/PhoneNum08489096600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0687 New Dover Rd
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0Overlake Preparatory Academy
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Edison
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008820
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt045181
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IRS990EZ/ContributionsGiftsGrantsEtcAmt0516
IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt045181
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06200
IRS990EZ/FiledScheduleAInd01
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IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt059016
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt045181
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt045181
IRS990EZ/OccupancyRentUtltsAndMaintAmt01895
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt030
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jun Zhou
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02715
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE SCHOOL IS TO PROMOTE, ADVANCE AND SPONSOR CHARITABLE AND EDUCATIONAL ACTIVITIES.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt058500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The school conducts four main activities: classroom instruction with rigorous curriculum, school administration, fundraising and athletics. These activities have been practiced in the school since it began operations and will continue in the future.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013835
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt03025
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt013835
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IRS990EZ/TotalRevenueAmt059016
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0overlakeacademy.org
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0we agree that we will publicize our nondiscriminatory policy in a way that meets the requirements of Revenue Procedure 75-50, 1975-2 C.B. 587, as modified by Revenue Procedure 2019-22, I.R.B. 1260.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Fundraising expenses;120|Business Registration;55|Website Expenses;615|Software Services;1925^Total;2715^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Overlake Preparatory Academy, a newly established institution, began its operations in 2022, making the 2022 tax year our first filing year for Form 990-EZ. Due to our nascent status and limited administrative capacity, we faced unexpected challenges that contributed to our delay in filing. In the first half of 2023, a critical staff member responsible for our tax filings suffered a serious health issue, which incapacitated them for an extended period during the tax season. This was compounded by the administrative adjustments required as we had to appoint and transition to a new individual for handling our financial and tax-related responsibilities. Given that this was our first experience with IRS filings and compounded by these significant disruptions, our ability to file on time was severely affected. We have since taken concrete steps to enhance our administrative processes and ensure robust compliance going forward, including additional training for our new financial staff and establishing a more comprehensive oversight mechanism to handle our tax obligations effectively. We respectfully request that the penalties for the late filing of our Form 990-EZ for the tax year 2022 be waived, considering these unusual and challenging circumstances that were beyond our control. We are committed to maintaining compliance with IRS requirements in the future and appreciate your understanding and support as we navigate these initial stages of our operational setup.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jun Zhou
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08489096600
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OVERLAKE PREPARATORY ACADEMY A NJ NONPROFIT CORP
ReturnHeader/Filer/BusinessNameControlTxt0OVER
ReturnHeader/Filer/EIN0874018657
ReturnHeader/Filer/PhoneNum08489096600
ReturnHeader/Filer/USAddress/AddressLine1Txt0687 New Dover Rd
ReturnHeader/Filer/USAddress/CityNm0Edison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008820
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-05-14T22:54:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jun
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Zhou
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,181
Liabilities
$0
Net assets
$45,181
Revenue
$59,016
Expenses
$13,835
Net income
$45,181
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.2$3.26$75.9$59.5$25.6$34.0
2022Detailed filing. Detailed filing data is available for this year.$45.2$0.00$45.2$59.0$13.8$45.2